Hennessy Advisors Inc. Trims Position in HSBC Holdings plc (NYSE:HSBC)

Hennessy Advisors Inc. lowered its holdings in HSBC Holdings plc (NYSE:HSBC) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,200 shares of the financial services provider’s stock after selling 4,600 shares during the period. Hennessy Advisors Inc.’s holdings in HSBC were worth $6,192,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in HSBC by 138.5% during the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 450 shares during the last quarter. Allworth Financial LP increased its holdings in shares of HSBC by 40.9% during the 3rd quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock worth $62,000 after buying an additional 397 shares during the last quarter. Versant Capital Management Inc raised its position in shares of HSBC by 116.2% in the 4th quarter. Versant Capital Management Inc now owns 1,498 shares of the financial services provider’s stock worth $74,000 after buying an additional 805 shares during the period. Addison Advisors LLC boosted its holdings in HSBC by 33.1% in the third quarter. Addison Advisors LLC now owns 1,940 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 482 shares during the last quarter. Finally, Huntington National Bank grew its position in HSBC by 11.9% during the third quarter. Huntington National Bank now owns 2,122 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 226 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

HSBC Stock Performance

HSBC stock opened at $50.62 on Friday. The company has a market cap of $182.37 billion, a price-to-earnings ratio of 8.37 and a beta of 0.54. HSBC Holdings plc has a 12 month low of $36.93 and a 12 month high of $51.03. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s 50-day moving average is $47.85 and its 200-day moving average is $45.28.

HSBC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 3.95%. HSBC’s dividend payout ratio (DPR) is 32.73%.

About HSBC

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.